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Posts Tagged ‘upwards’

VN-Index maintains upwards momentum as blue-chips rally

In Uncategorized on June 29, 2010 at 8:48 am

Movement of VN-Index on June 29. (Photo: VN-Index, a measure of 242 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, continued to advance on June 29 as buying demand improved.

The country’s benchmark finished at 510.71 points, gaining 3.43 points, or 0.68 percent. Around 46.6 million shares, worth VND1.26 trillion, changed hands on the city bourse.

112 stocks rose, 93 dropped, and 41 remained unchanged.

Saigon Securities Inc. (SSI) had the most active shares in volume with 1.64 million shares changing hands, followed by PetroVietNam Transportation Corporation (PVT) with 1.35 million shares.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) remained in third place with 1.18 million shares.

On June 23, Toan Thinh Phat Architecture Investment Construction Joint Stock Company bought 4 million shares of Sacombank (STB), increasing its holdings to 5,644,340 shares, accounting for 0.84 percent of the bank’s chartered capital.

Viet Nam Golf Tourism Joint Stock Company (VNG) was the biggest gainer on southern market, advancing the daily maximum allowed limit of 5 percent to VND16,800.

Saigon Telecommunication & Technologies Corporation (SGT) closed up 4.93 percent to VND23,400.

Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) climbed 4.9 percent to VND38,500.

1,429,609 additional shares of Foreign Trade Development and Investment Corporation of Ho Chi Minh City (FDC) officially traded on the city bourse on June 29. These shares were issued to pay dividends to current shareholders, according to the company’s announcement on April 16.

Meanwhile, telecommunication cable producer Viet – Han Corporation (VHG) declined 4.9 percent to VND33,000.

Other decliners included Ca Mau Trading Joint Stock Company (CMV), DIC Investment and Trading Joint Stock Company (DIC), and Son Ha International Corporation (SHI).

Hanoi’s HNX-Index slightly rose 0.18 points, or 0.11 percent, to close at 161.33. Trading volume increased by 20 percent to 44.39 million shares, worth VND1.25 trillion.

In contrast, the UPCoM-Index dropped 0.35 points to 47.4, as of 11:15 am local time. A total of 257,193 shares traded at VND4.1 billion.

Source: SGGP

Upbeat sentiment drives market upwards

In Uncategorized on June 18, 2010 at 4:45 am

(Photo: on the Ho Chi Minh Stock Exchange advanced for second straight day on June 11, as a rally of US stock markets and positive information from China and Japan inspired investors.

Vietnam’s benchmark VN-Index rose as much as 3.78 points, or 0.76 percent, to close at 504.29. More than 44.6 million shares changed hands at VND1.3 trillion.

There were 134 stocks that gained, 51 declined, while 55 remained unchanged.

Ocean Group Joint Stock Company topped the list of most active share by volume with 2.61 million changing hands.

Refrigeration Electrical Engineering Corporation (REE) followed with more than 2.2 million shares traded.

Saigon Securities Inc. (SSI), the country’s largest brokerage, came third with 1.29 million, up 0.56 percent.

DIC Investment and Trading Joint Stock Company (DIC) and Idico Urban and House Development Joint Stock Company (UIC) led the winners on the city bourse, gaining 4.96 percent to VND29,600 and VND42,300 respectively.

Truong Thanh Furniture Corporation (TTF) climbed 4.94 percent to VND25,500.

Petroleum Pipeline & Tank Construction Joint Stock Company (PXT) and Viet – Han Corporation (VHG) surged by 4.93 percent to VND23,400 and VND29,800 respectively.

The Hanoi’s HNX-Index surpassed 160 points a few minutes after the opening bell but failed to maintain its achievement throughout the trading session. The northern market finished at 158.23 points, gaining 1.17 points, or 0.74 percent.

Trading volume was at 29.6 million shares worth VND929.62 billion.

The UPCoM-Index of unlisted stocks also rose, adding 0.46 points to 45.08. A total of 224,337 shares were traded at VND3.46 billion.

Globally, the Dow Jones Industrial Average Index climbed 2.76 percent, or 273.38 points, to 10,172.53. The S&P 500 Index jumped 2.95 percent, or 31.15 points, to 1,086.84.

France’s CAC 40 index rose 2.03 percent. FTSE 100 index added 0.92 percent.

Japan’s Nikkei 225 index gained 1.7 percent. China’s Shanghai Composite index surged 0.35 percent. Korea’s Kospi advanced 1.43 percent.

Source: SGGP